The Changing Age Structure of the U

question 64

Multiple Choice

The changing age structure of the U.S. population and more efficient labor markets are both possible explanations for:

• A)the decline in the natural rate of unemployment.
• B)the increase in the cyclical rate of unemployment.
• C)the 2001 recession.
• D)the stagnation of real wages.

Understand the role of demographic, geographic, and health behavior data in epidemiological research.

Recognize the importance of research design in epidemiological studies.

Recognize the importance of identifying variables in disease causation and prevention.

Comprehend the significance of screening tests' sensitivity, specificity, and predictive values.

---

Definitions:

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been taken out.

Consumption Spending

Expenditures by households on goods and services, excluding purchases of new housing, and a major component of GDP.

Consumption Function

A representation in economics indicating the relationship between total consumer expenditures and household income levels.

Interest Rate

The cost of borrowing money or the return on savings, expressed as a percentage, influencing economic activity by affecting spending and investment decisions.